Form 4: Peoples Bancorp CEO William Cable Acquires Shares Through RSU Vesting
SEC Form 4
William D. Cable, President and CEO of Peoples Bancorp of North Carolina, acquired 1,025 shares of common stock on February 3, 2025, through the vesting of a restricted stock unit (RSU) granted in 2021.
Summary
- On February 3, 2025, William D. Cable, the President and CEO of Peoples Bancorp of North Carolina, acquired 1,025 shares of common stock.
- This acquisition was a result of the vesting of a restricted stock unit (RSU) that was granted on February 3, 2021.
- Following the transaction, Cable directly owns 24,386.9028 shares of Peoples Bancorp common stock.
- Cable also indirectly owns 108.768 shares through his daughter 1 and 111.676 shares through his daughter 2.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction related to executive compensation. The CEO acquiring shares is generally a positive sign, but it's expected due to the RSU vesting.
Positives
- The acquisition of shares by the CEO could be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
Executive stock ownership is a common practice in the banking industry, aligning management's interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/03/2021 | Date of RSU grant |
| 02/03/2025 | Date of RSU vesting and stock acquisition |
| 02/13/2025 | Date of Form 4 filing |
Keywords
Peoples Bancorp, William D. Cable, CEO, RSU, Stock Acquisition, Beneficial Ownership, Form 4
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.